The post $330M Ethereum shorts trigger chaos before Trump’s tariff shock! appeared on BitcoinEthereumNews.com.

Key takeaways What caused Ethereum’s sharp drop? Ethereum plunged after a $330 million short position, and Trump’s new China tariffs triggered a $13 billion crypto market liquidation. How did Ethereum hold up after the crash? Despite the chaos, Ethereum still led the DeFi sector with $92.7 billion in total value locked (TVL). Ethereum [ETH] tumbled sharply during a $13 billion crypto market wipeout – a liquidation wave larger than the FTX collapse. The drop came after a $330 million short position hit just minutes before U.S. President Donald Trump announced new tariffs on China. Chaos in the market The crypto market went into free fall, with over $13 billion wiped out in 24 hours; far exceeding the $1.6 billion liquidated during the FTX collapse. ETH plunged as much as 16% in the last day, dropping below $3,800 before finding mild support around $3,837 at press time. Source: TradingView The crash came just after a mysterious $330 million ETH short hit, moments before Trump’s China tariff announcement. As panic spread, gas fees spiked over $500, decentralized exchanges froze, and major altcoins nosedived more than 30%. Whales and hackers make moves Source: X Just minutes before Trump’s China tariff news broke, one trader opened a massive $330 million short on Ethereum, and it couldn’t have been better timed. One even wonders if it was a planned exit, which brings about talk about insider trading. Source: X The position set off a domino effect across the market, triggering panic. Even wallets linked to known hackers joined the exit, reportedly dumping 5,480 ETH worth about $20 million at a loss of $3.7 million. Ethereum still dominates DeFi Despite all the chaos from the last day, Ethereum’s grip on decentralized finance remains unshaken. Data from Artemis showed Ethereum leading with a massive $92.7 billion in…

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Filed under: News - @ October 11, 2025 3:25 pm